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Jun 26, 2012
06/12
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unemployment ranked up there, too, and taxes, well, they ranked dead last. the debate over taxing the rich gets a lot of attention but the polls suggest it's just not important for the wealthy themselves. to them, november is all about the economy. and in their view, romney is the best candidate to fix it. >> i am surprised that taxes ranked so low, because it gets so much chatter out there. >> exactly. we tend to think with the wealthy, they're a one issue voting block. really, its a last on their list. the big issue is getting this economy growing again. >> i think they have a lot of company in that without the 1%. thanks. good to see you. >>> as robert mentioned the jobs and economy are issues driving this election even for the super wealthy. to get the pulse of the hiring landscape, we went to the largest conference of hiring managers, the society of human resource management conference to see what those managers are seein seeing. >> we're seeing hiring an infrastructure functions bui building businesses, there's demand for people with those types of ski
unemployment ranked up there, too, and taxes, well, they ranked dead last. the debate over taxing the rich gets a lot of attention but the polls suggest it's just not important for the wealthy themselves. to them, november is all about the economy. and in their view, romney is the best candidate to fix it. >> i am surprised that taxes ranked so low, because it gets so much chatter out there. >> exactly. we tend to think with the wealthy, they're a one issue voting block. really, its...
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Jun 28, 2012
06/12
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is it a tax? and how will you try and position this decision so that it does not come across politically as a tax? >> well, tyler, you can call it whatever you want. the idea is this. that every american should contribute something to the cost of their own health care because if everybody doesn't contribute something, it means the rest of us are left picking up the tab. it means everybody else has to pay more. we just -- you were just talking about bad debt for hospitals. hospitals don't eat that. taxpayers eat that through additional medicare payments. other people have to pay higher premiums when other people don't contribute. when's crazy about this conversation is that republicans have now become the party that do not care about personal responsibility. they're supporting the freeloaders driving up the cost to everybody else. >> congressman van hollen, i heard governor romney speak an hour or so ago and he made the case which frankly was rather news to me that some 20 million americans, his nu
is it a tax? and how will you try and position this decision so that it does not come across politically as a tax? >> well, tyler, you can call it whatever you want. the idea is this. that every american should contribute something to the cost of their own health care because if everybody doesn't contribute something, it means the rest of us are left picking up the tab. it means everybody else has to pay more. we just -- you were just talking about bad debt for hospitals. hospitals don't...
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Jul 24, 2012
07/12
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i dwaebate on the hill whether internet retailers should be forced to collect sales tax. walmart representative weighing in. >> these transactions, millions of them everyday are simply going without proper tax treatment. with the exponential growth of internet retailing the result to traditional retailers, not to mention critical local services, is devastating. >> john, should those internet retailers be forced to collect sales tax on every single sale? >> absolutely not. it's working the opposite everybody thinks it will. this will help big companies like amazon and hurt small businesses that ship things interstate. companies like amazon has the wherewithal to deal with the tax regimes in the small 50 states, if you're a small local bookstore selling things across the country, you won't be able to do it. amazon gets richer. >> it will hurt the little guys more than bigger guys. >> little guys, gives them one less thing to complain about. i think it should be across the board level playing field. texas has already negotiated deals with amazon and you all get the same acro
i dwaebate on the hill whether internet retailers should be forced to collect sales tax. walmart representative weighing in. >> these transactions, millions of them everyday are simply going without proper tax treatment. with the exponential growth of internet retailing the result to traditional retailers, not to mention critical local services, is devastating. >> john, should those internet retailers be forced to collect sales tax on every single sale? >> absolutely not. it's...
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Nov 7, 2012
11/12
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you ask people should taxes go up? 60% of the american people say yes, taxes should go up. only 35% say no, they shouldn't. then when you segment that, you've got 13% of the american people saying they should go up on everyone. that's what would happen if we went over the fiscal cliff. but 47% say they should only go up on people making over $250,000 a year. that happens to be president obama's position. he carried, dominated the electorate in both of those groups among the 60% who want taxed to go up. president obama enters these discussions with people like marsha plaqueburn on the republican side with a stronger hand than he had before. we'll see if the republicans are willing to give ground and compromise with him. >> indeed we will. john, thank you very much. >>> the stock market's off 274 points on the dow jones industrial average. bonds were backing mr. romney -- or mr. obama. stocks were backing mr. romney. the bond traders obviously won. and we just had a key 10-year auction just minutes ago with yields dropping on the 10-year. we're going to head to the chicago pi
you ask people should taxes go up? 60% of the american people say yes, taxes should go up. only 35% say no, they shouldn't. then when you segment that, you've got 13% of the american people saying they should go up on everyone. that's what would happen if we went over the fiscal cliff. but 47% say they should only go up on people making over $250,000 a year. that happens to be president obama's position. he carried, dominated the electorate in both of those groups among the 60% who want taxed...
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Aug 8, 2012
08/12
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ever pay this tax. >> hollande got elected. this was not a surprise. he was talking about this all along, right, brian? >> yeah. but think about it, tyler. politicians get elected by what they're going to give not get. >> wealthy investors, a $300 million bond backed by money from the right's performance and radio to bob dylan songs. john, you buy this bond if you could? >> you know, there's no way. one music is a troubled business as it is. the bond is backed by the royalties for selling songs. i'm not sure that's a risk to take. two, any time the credit market starts to produce the kind of funky products i get worried that maybe they're going nuts. >> maybe you do, brian, i don't remember the history of the bowie bonds of 15 years ago and this is like that, right? >> yeah. a man with a pig pen once $11 bills but you got 10, tyler. i don't know where they come up with the cash. i can't tell you successful or not because they came and went. little bit of modern love there. >> all right. thanks very much, brian, john. appreciate
ever pay this tax. >> hollande got elected. this was not a surprise. he was talking about this all along, right, brian? >> yeah. but think about it, tyler. politicians get elected by what they're going to give not get. >> wealthy investors, a $300 million bond backed by money from the right's performance and radio to bob dylan songs. john, you buy this bond if you could? >> you know, there's no way. one music is a troubled business as it is. the bond is backed by the...
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Jun 29, 2012
06/12
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firm and conducted the ponzi scheme and peter madoff said he reported certain transactions loans as tax free and said he took perks and gifts and never reported them to the irs, he put his wife on the payroll even though he didn't have a job. at the end of the statement, he was somewhat teary saying he was ashamed of his actions. sentencing will take place on october 4th of this year. he's expected to be sentenced to ten years in prison. that was part of the deal that was struck with him. also, he is free on $5 million of bond. he and his wife travel is restricted to the eastern and southern districts of new york. both of them have given up their passports. tyler, back to you. >> mary thompson reporting, thank you very much. >>> some breaking bad news now for fans of amc. dish network is threatening to drop the cable network from the lineup and do it this weekend. the third largest pay tv provider in the u.s. says the cable network wants to charge too much money per subscriber. they already dropped amc's sibling channel sundance and that's the "mad men" cast ringing the bell earlier thi
firm and conducted the ponzi scheme and peter madoff said he reported certain transactions loans as tax free and said he took perks and gifts and never reported them to the irs, he put his wife on the payroll even though he didn't have a job. at the end of the statement, he was somewhat teary saying he was ashamed of his actions. sentencing will take place on october 4th of this year. he's expected to be sentenced to ten years in prison. that was part of the deal that was struck with him. also,...
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Dec 12, 2012
12/12
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the tax rates, bush tax cuts, was temporary in nature. >> that's not what i asked. i asked what specific would you be willing to do to address what is clearly the number one thing that is going to blow the hole in not only the economy but federal spending, federal budget over the next generation. >> what we have to do is negotiate. everything should be on the table. i think the president indicated that everything would be on the table. the president indicated he is ready to talk about entitlements, et cetera. the other side said we can cannot raise tax hikes at all. we have to make sure that everything is on the table. if everything is not on the table, that makes it difficult. both sides have to be something to the table. there has to be pain for everybody. just to go on one side or the other, the president says you have to have everything on the table. but you have to have the other side saying, everything is on the table. >> would you be willing to put on the table changes such as medicare, possibility that wealthy fortunate people like i would pay more for medic
the tax rates, bush tax cuts, was temporary in nature. >> that's not what i asked. i asked what specific would you be willing to do to address what is clearly the number one thing that is going to blow the hole in not only the economy but federal spending, federal budget over the next generation. >> what we have to do is negotiate. everything should be on the table. i think the president indicated that everything would be on the table. the president indicated he is ready to talk...
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Jul 11, 2012
07/12
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a lot of europe, maybe almost every country in europe, has a value added tax or sales tax. isn't it logical with debt being where it is they got to go where the money is and that would be to retail? >> the most important thing to say to you watching now in understanding this, sales taxes higher in europe. in the united kingdom, a 20% sales tax but in response for that, that funds free health care for everybody at the point of delivery. the tax looks high but everybody gets free health care funded by that sort of tax structure. that's the difference between america and europe. >> so here in to an economy, rick, with 25% unemployment, 50% unemployment for youth, a tax hike. it is going to really strain the people there, isn't it? >> it's a dumb idea. it just underscores why europe is europe and why the u.s. used to be the u.s. but we seem to want to take the same european path. listen. spain is different than many of the other weaker country trifs. easy market reforms, you know, collect more income tax that nobody pays, major labor reforms, those aren't going to garner you th
a lot of europe, maybe almost every country in europe, has a value added tax or sales tax. isn't it logical with debt being where it is they got to go where the money is and that would be to retail? >> the most important thing to say to you watching now in understanding this, sales taxes higher in europe. in the united kingdom, a 20% sales tax but in response for that, that funds free health care for everybody at the point of delivery. the tax looks high but everybody gets free health...
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Aug 9, 2012
08/12
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they're declaring fiscal emergencies to raise taxes, not many cities yet doing what san jose voters approved which is cutting benefits. we'll see if the model catches on. >> what do you think, john? >> absolutely right. the obligations of the cities right now unsustainable. doesn't mean they're going to default on the bonds. they may choose to pay off the bonds while cutting other obligations. how much they spend on schools and their pension plans. most of the cities are dramatically shorting the pension plans. they have the not funding them the way they should when they don't get the market returns they're overly optimistically projecting. won't make good on the obligations either. municipals in america are in a lot of trouble. >> let's move on to the fact you heard this hit song. i hear it all the time at my house. >> i don't think i've heard that before. >> take a listen. call me maybe.com is up for sale and the starting bid is $1,000 on ebay. jane, how much would you pay? >> well, i think i'm going to go with the current bid. zero. they have no bids yet. i think that tells you everything
they're declaring fiscal emergencies to raise taxes, not many cities yet doing what san jose voters approved which is cutting benefits. we'll see if the model catches on. >> what do you think, john? >> absolutely right. the obligations of the cities right now unsustainable. doesn't mean they're going to default on the bonds. they may choose to pay off the bonds while cutting other obligations. how much they spend on schools and their pension plans. most of the cities are...
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Sep 24, 2012
09/12
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he's the anti-tax crusader who has gotten a lot of republicans to agree to a no new tax increase pledge. if you go over the fiscal cliff, that would allow republicans to vote for a retroactive decrease in taxes that would get you past grover norquist's pledge because they would not have voted to increase taxes, even though taxes would end up higher after than before, if you can follow that logic. also, using the market turmoil to negotiate, that gives you leverage. if there's a big reaction on wall street, that gives folks here in washington some leverage they think might bring the opposite side to the table. and then deciding that austerity will work. there are some republicans in town who believe fundamentally we need to take this tough medicine and take it right now and then, of course in, washington, as always, there's placing blame, and after an election year that's been very, very partisan and bitter there might be a lot of folks in washington looking forward to a new opportunity in january to start placing blame all over again. sue. >> thank you very much. >>> news reports from i
he's the anti-tax crusader who has gotten a lot of republicans to agree to a no new tax increase pledge. if you go over the fiscal cliff, that would allow republicans to vote for a retroactive decrease in taxes that would get you past grover norquist's pledge because they would not have voted to increase taxes, even though taxes would end up higher after than before, if you can follow that logic. also, using the market turmoil to negotiate, that gives you leverage. if there's a big reaction on...
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Dec 10, 2012
12/12
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the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last ten days or two weeks or so. 21 days until america goes over the cliff or not. president obama meeting with the house speaker boehner in a closed door session over the weekend. yesterday in fact. trying to hammer out a deal. we hope you watch the redskins win over the ravens there in the last minute. president set to speak later at an auto plant in michigan about his planes it raise taxes on the rich. our chief political correspondent live at the white house with the latest. hi, john. >> hi, tyler. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk
the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last ten days or two weeks or so. 21 days until america goes over the cliff or not. president obama meeting with the house speaker...
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Nov 13, 2012
11/12
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extended bush tax cuts and increased transfer tax exemptions to historic levels. we are now looking at something very different and we need to prepare for taxes rising, but also, take advantage of certain opportunities today. as you say, we have got about six weeks left to get it done. >> let talk about some of those advantages, because it's such a scary story really. >> yes. >> if you've had a decent year in the market and you have some gapes, a lot of people are talking about apple, for instance, there's some thought that maybe if you have a pretty decent gape in apple, do you take those profits this year? do you accelerate your income at this point? >> well, think about what's happening to capital gapes tax rates. we are at 15% today, slated to go up to 20% in january, plus you have the specter of the new medicare tax, which now we know who won the election, so we know that tax is going to stay into place. that's 3.8% on unearned income and it's 90 basis points or .9% on earned income. so, what that means for capital gains tax, we are about 24%. we are looking
extended bush tax cuts and increased transfer tax exemptions to historic levels. we are now looking at something very different and we need to prepare for taxes rising, but also, take advantage of certain opportunities today. as you say, we have got about six weeks left to get it done. >> let talk about some of those advantages, because it's such a scary story really. >> yes. >> if you've had a decent year in the market and you have some gapes, a lot of people are talking...
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124
Nov 15, 2012
11/12
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tax deduction. we asked you what is your stance? this is fascinating. 43% say keep it. losing it would hurt the housing recovery. but the majority, 57%, would like some modification. 30% keep it for the middle class. kill it for high-income earners. 27% say kill it for everyone. who would have guessed that the majority would vote that way? >>> let's see what's coming up on "street signs." >> well, lots of things coming up top of the hour, simon. air raid sirens in israel today as rockets are raining down from palestinian militants. we're going to look at this widening conflict in the middle east and what it means for your money. >>> then, we are going to china where the communist nation ushers in a new leader described as kennediesque. will he bring about a new era of opportunity there? >>> and it is man versus machine in the market. an exclusive interview with high-frequency trading powerhouse. but the ceo will make the case for why firms like his are actually good for stock. >>> lots of things at
tax deduction. we asked you what is your stance? this is fascinating. 43% say keep it. losing it would hurt the housing recovery. but the majority, 57%, would like some modification. 30% keep it for the middle class. kill it for high-income earners. 27% say kill it for everyone. who would have guessed that the majority would vote that way? >>> let's see what's coming up on "street signs." >> well, lots of things coming up top of the hour, simon. air raid sirens in...
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Aug 28, 2012
08/12
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cut corporate business tax. is new budget has another tax cut in it. brought amazon to the state of new jersey but also losing busine business. a pharmaceutical company announced plans to close their office and move out-of-state. >> are his taxes creating more corporate opportunity or is there more it to than that? >> certainly, the state has been very aggressive or willing to extend such tax incentives to get people in, and it's been one of the criticisms he talks about fiscal conservative and not sending dollars out, all of that is money foregone he's been less conservative with. >> you give him overall a plus on that, both of you? >> business, business groups in trenton are very supportive of him, which pligmight not be a surprise. if they're a barometer, sure. >> let's look at the jobs picture. you can look at it a couple of different ways, when the latest state by state report came out on employment, new jersey did not fare very well but in the private sector we had job creation. >> it was 9.8%, the highest since it was created and he has created
cut corporate business tax. is new budget has another tax cut in it. brought amazon to the state of new jersey but also losing busine business. a pharmaceutical company announced plans to close their office and move out-of-state. >> are his taxes creating more corporate opportunity or is there more it to than that? >> certainly, the state has been very aggressive or willing to extend such tax incentives to get people in, and it's been one of the criticisms he talks about fiscal...
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Aug 6, 2012
08/12
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we shouldn't be doing wit the people's tax money. >> all right. new numbers show that team romney has raised more money than team obama in the latest month, $101.3 million versus $75 million. is all of this money in politics a good thing, a bad thing? going to affect the election? what do you say? >> i think it doesn't affect the election. it is a zero sum guy. one guy gets money, one guy has to compete with it. it tells you who's ahead. if you have a really good organization, you can bring money in. rather than affecting the election, what the money race tells us is really predicts the electoral outcome. >> robert? >> well, from a wealth perspective, this is really about what the big donors are doing. the guys giving millions to the superpac and learned that they support romney but largely because -- not because of taxes which is the assumption but because they think romney is the number one guy to fix the economy which they think is the number one issue. so i think that's why so many of the big funders are leaning toward romney. >> people will d
we shouldn't be doing wit the people's tax money. >> all right. new numbers show that team romney has raised more money than team obama in the latest month, $101.3 million versus $75 million. is all of this money in politics a good thing, a bad thing? going to affect the election? what do you say? >> i think it doesn't affect the election. it is a zero sum guy. one guy gets money, one guy has to compete with it. it tells you who's ahead. if you have a really good organization, you...
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Sep 13, 2012
09/12
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orders from california will start being taxed this weekend. jane wells found people stocking up as if it were armageddon, including jane wells. she's live in l.a. jane? >> california says it loses more than $1 billion a year in online sales taxes. this new law it should be able to recoup 25% for that. >> i'm going to get a bunch of this. >> many californians, me, are stocking up on supplies before being forced to pay taxes starting saturday. amazon decided to stop fighting the tax man and instead go all-in this california, its largest state market. building distribution centers could argue savings and transportation costs these centers will bring may eventually offset any price discounting amazon may engage in this california to keep market share. what other companies are watching this move? >> obviously i think ebay has been more against sales taxes. it is a little different for ebay. most of the time they're not the merchant of record. they're more of a marketplace. so there's a debate whether ebay's really responsible for collecting taxes v
orders from california will start being taxed this weekend. jane wells found people stocking up as if it were armageddon, including jane wells. she's live in l.a. jane? >> california says it loses more than $1 billion a year in online sales taxes. this new law it should be able to recoup 25% for that. >> i'm going to get a bunch of this. >> many californians, me, are stocking up on supplies before being forced to pay taxes starting saturday. amazon decided to stop fighting the...
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Nov 2, 2012
11/12
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that means sell the winners, capital gains taxes may be going up. that's been cited by traders. but i think sharon is right, it is the dollar moving up. we are at a two-month high. when that happens you tend to get pressure on a lot of different sectors in the market. if you look on the downside what's leading the market to the downside, they are the two most dollar sensitive sectors in the market, material stocks and energy. that's because these are all commodity bases and they get impacted by the movie on the dollar here. if you look at what's most active at the exchange traded funds, i'd pay a lot of attention to volume in the big exchange traded funds. tracked about 100 of them at a time. these have the heaviest volume. look. silver, gold, gold stocks, as well as some other ones that are in the overall materials index. that tells me that this is a lot of this decline is dollar related. >> got it. bob pisani, thanks so much. >>> now over to the nasdaq, seema mody following the big movers there. >> quick look at a large cap tech stocks and how they are trading. apple in focus
that means sell the winners, capital gains taxes may be going up. that's been cited by traders. but i think sharon is right, it is the dollar moving up. we are at a two-month high. when that happens you tend to get pressure on a lot of different sectors in the market. if you look on the downside what's leading the market to the downside, they are the two most dollar sensitive sectors in the market, material stocks and energy. that's because these are all commodity bases and they get impacted by...
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Feb 28, 2012
02/12
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, tax law, tax code. it's inpossible to fathom. people spend their lives looking for every twist and turn. and to the extent that some people enjoy some benefit, it's because there isn't an overall thoughtful approach to taxation. now, whatever it is that they may be able to claw back from is just a piece of a much bigger mosaic. we're running about $1.3 trillion deficit right now. what's striking about that is we have to borrow about 42% of that. >> and as you point out, the focus on these little issues -- and i put the kkr pay in the category of small issues. >> right. >> distracts us. they're beautiful rhetorically. they're marvelous to demagogue. but they distract us from solving the bigger, more intractable problems we face, like dealing with china. the president today, for example, said in his speech to the uaw membership that he was setting up a commission to look at our trade relations globally to make sure they are fair, including china. how does that strike you? >> it strikes me as a very good s
, tax law, tax code. it's inpossible to fathom. people spend their lives looking for every twist and turn. and to the extent that some people enjoy some benefit, it's because there isn't an overall thoughtful approach to taxation. now, whatever it is that they may be able to claw back from is just a piece of a much bigger mosaic. we're running about $1.3 trillion deficit right now. what's striking about that is we have to borrow about 42% of that. >> and as you point out, the focus on...
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Nov 30, 2012
11/12
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. >> we shall not raise taxes in this country. we do not have a revenue problem. i would like senator mcconnell to recognize that the washington leaders are like a bunch of crack addicts. they need evermore money for evermore growing government and it is at the expense of the ordinary citizen that they pursue these policies. >> reporter: but the brighter those lines are drawn, the harder it will be to get a deal. owen williams worked more than 20 years on wall street. now he runs a small college here that sits on the board of the henry clay center for statesmanship. the way to a solution, he says, is for both sides to have a voice. >> both have taken the attitude that it's my way or the highway. and americans recognize that that's just not the way things typically get done in this country. and if we continue along that line, we will go over the fiscal cliff and who knows what the abyss beyond it will be like. >> reporter: the united states senate's always valued its reputation as the world's greatest deliberative body set apart fr
. >> we shall not raise taxes in this country. we do not have a revenue problem. i would like senator mcconnell to recognize that the washington leaders are like a bunch of crack addicts. they need evermore money for evermore growing government and it is at the expense of the ordinary citizen that they pursue these policies. >> reporter: but the brighter those lines are drawn, the harder it will be to get a deal. owen williams worked more than 20 years on wall street. now he runs a...
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Dec 19, 2012
12/12
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1st tax hikes. the house speaker, mr. boehner, responded by saying that that was irrational and bizarre. john harwood is at the white house to sort out all the latest. yesterday, john, they thought they were getting real close to a deal. it certainly doesn't sound that way today. >> sue, it does appear that they've hit a deadlock in negotiations. you saw the president in a fascinating news conference that he just had in the white house briefing room try to leverage the emotional power of the tragedy in newtown, connecticut, to try to put the pressure on republicans. he talked about them taking off their partisan war paint. he said he'd more than met them halfway in terms of spending cuts that he's offered, coming up in the income threshold for tax increases, and he has the upper hand in public opinion. there's no question about that. he is not surrendering that at this point. the question is whether speaker john boehner can move his caucus, even as far as he's already moved further toward the presid
1st tax hikes. the house speaker, mr. boehner, responded by saying that that was irrational and bizarre. john harwood is at the white house to sort out all the latest. yesterday, john, they thought they were getting real close to a deal. it certainly doesn't sound that way today. >> sue, it does appear that they've hit a deadlock in negotiations. you saw the president in a fascinating news conference that he just had in the white house briefing room try to leverage the emotional power of...
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Oct 15, 2012
10/12
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and more importantly, going forward so they appreciate exactly what environment they will be in, what tax rate will apply, what loopholes will survive or not. >> please tune in to closing bell, 4:30 p.m. eastern today. you'll here maria's full exclusive interview with imf managing director, christine lagarde. >>> on a political front, the two men vying for the white house certainly have wildly divergent views on how to reach a fiscal deal and what to do with the trillions that are at stake. and in the separate election news, a new politico poll shows that has turned slightly more likable than president obama in several of the key battleground states. here with the beltway roundup, james homen of politico. >> good to be with you. >> tell me how -- how dramatically mr. romney has closed that likability gap with the president, sort of state by state. >> so even at the very top of the race, these two guys are tied but the underlying dynamic has changed especially among independent voters and women. even a month ago, double digits more said that they viewed him unfavorably than favorably. now,
and more importantly, going forward so they appreciate exactly what environment they will be in, what tax rate will apply, what loopholes will survive or not. >> please tune in to closing bell, 4:30 p.m. eastern today. you'll here maria's full exclusive interview with imf managing director, christine lagarde. >>> on a political front, the two men vying for the white house certainly have wildly divergent views on how to reach a fiscal deal and what to do with the trillions that...
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Nov 8, 2012
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democrats want to raise taxes by raising -- raise revenues by raising taxes on rich people. that's it. i don't see how the two come together on this. >> remember in 2011 twlb w 2011 before we got into the crisis for the debt limit there was a lot of talk. they were reaching a compromise, a $4 trillion deal was being made and it all fell apart. >> but no politics really, really, really wants to raise taxes. what i think is going to happen -- >> democrats want to raise taxes! >> but ultimately what i think they're going to do is they're going to say, okay, we will go for tax reform. >> yeah? >> and that they will both use that as a reason, say we're getting close on tax reform. we're going to extend this -- >> that happened -- you think you'll do it next december? i think we go past december 31st. >> they're going to change the discussion. let's talk about brad pitt. >> or black friday. >> retailers are jockeying for position on black friday. walmart and sears are going to open at 8:00 on thanksgiving day. i can't think of really a worst place to be on thanksgiving night than
democrats want to raise taxes by raising -- raise revenues by raising taxes on rich people. that's it. i don't see how the two come together on this. >> remember in 2011 twlb w 2011 before we got into the crisis for the debt limit there was a lot of talk. they were reaching a compromise, a $4 trillion deal was being made and it all fell apart. >> but no politics really, really, really wants to raise taxes. what i think is going to happen -- >> democrats want to raise taxes!...
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Jul 16, 2012
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the seller waited until next year and taxes go up, that tax bill would be $6 million. so by selling now, he's saved $2 million in taxes. you could buy a whole other mansion for that. the reason to care is inventories could rise and prices could fall in the high end real estate market. that could trickle down to the broader housing market. now, this happened in 2010. we had a similar tax fear. we saw a big jump in inventory. and decline in prices and that's what people worry about could happen again. again, plenty of the rich still buying homes as investments, especially the foreign buyers, but the mansion cliff could be a big overhang this summer on the broader housing market. tyler? >> thank you very much. $38 million on the house, is that what he paid for it? >> that's what he paid for it. so the 28 we are calculating a $28 million capital gain. >> based on a $10 million purchase price. thank you very much, robert. >>> video of last week and amusing. mark zuckerburg stuck in that brutal sun valley traffic. behind the hotel's laundry truck. stuck there. photographers
the seller waited until next year and taxes go up, that tax bill would be $6 million. so by selling now, he's saved $2 million in taxes. you could buy a whole other mansion for that. the reason to care is inventories could rise and prices could fall in the high end real estate market. that could trickle down to the broader housing market. now, this happened in 2010. we had a similar tax fear. we saw a big jump in inventory. and decline in prices and that's what people worry about could happen...
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Sep 20, 2012
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the income that would have been taxed as ordinary salary at 35% became an investment that's taxed as a cap a tal gain at 15%. so less than half the rate that saved him millions of dollars in potential taxes. the documents say the leders were using a "normal amount of cash" to fund their investment and they invested in the fund with their fee income. sun capital would argue that by pouring this income back into the fund, leder is aligning his interest with those of outside investors. this practice is common in the industry and to be fair, the irs has never said that it's illegal. leder's spokesman had no comment. yet the disclosure of these new details connect two of the big controversies swirling around this election right now. first of course that romney fund-raiser that's now become infamous, that john just talked about, and the investigation into private equity tax practices. >> i'm sure there will be more on this coming. nicely done, robert. good work. >>> in the meantime, are you stuck when it comes to figuring out which way this market will turn next? coming up on the program,
the income that would have been taxed as ordinary salary at 35% became an investment that's taxed as a cap a tal gain at 15%. so less than half the rate that saved him millions of dollars in potential taxes. the documents say the leders were using a "normal amount of cash" to fund their investment and they invested in the fund with their fee income. sun capital would argue that by pouring this income back into the fund, leder is aligning his interest with those of outside investors....
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Nov 19, 2012
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everybody's running to the tax-free side of the equation. >> wonder why! thank you, rick. >>> new signs today that the housing recovery is in fact real and actually solidifying. to strong reports, one on home sales, the other other home builder sentiment. diana olick has the numbers. >> reporter: the two are intimately connected. the builders are seeing greater demand because of a big drop in supplies of existing homes. existing home sales are improving but supplies are still dropping. just 2.14 million homes for sale or a 5 hadn.4 month supply. that's down from a year ago. thanks to more aggressive loan modifications and fewer homes for sale. add to that one-fifth of the market is still investors. that number rose in on the. one-third of the market is all cash. that's just way too much competition for your first time home buyers who are still lagging and your owner occupants who need a mortgage. on the flip side, the home builders are benefiting. that's why you see the sentiment number edging up. finally up into the positive. why? they're getting those fi
everybody's running to the tax-free side of the equation. >> wonder why! thank you, rick. >>> new signs today that the housing recovery is in fact real and actually solidifying. to strong reports, one on home sales, the other other home builder sentiment. diana olick has the numbers. >> reporter: the two are intimately connected. the builders are seeing greater demand because of a big drop in supplies of existing homes. existing home sales are improving but supplies are...
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Aug 7, 2012
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. >> jim renacci supports a 20% national sales tax. what do you think? >> now, that's a bad idea. >> no, no, no. it doesn't need to be that high. >> i don't think that's a good idea. >> i would be totally disgusted. >> everybody struggling with gas. >> have a job, you're struggling or not, you're struggling. >> it's hard enough to buy food. >> this is congresswoman sutton, shed a president obama spend billions of tax dollars on their special friends and refuse to pass a budget. they endanger our future with mountains of debt. now, sutton and obama want to raise taxes on ohio's small businesses. >> sad to say, that's the soundtrack of a very sour electorate and the election season all the way to november. not likely to get better, sue. >> unfortunate, indeed. thank you, john, very much. >>> behind the wheel now, takes us back in time to subprime. remember that? concerns all those great car sales numbers are actually being fueled by subprime autoloans. phil is live with how many are being handed out and what it means for detroit. >> hi, sue. tracking for t
. >> jim renacci supports a 20% national sales tax. what do you think? >> now, that's a bad idea. >> no, no, no. it doesn't need to be that high. >> i don't think that's a good idea. >> i would be totally disgusted. >> everybody struggling with gas. >> have a job, you're struggling or not, you're struggling. >> it's hard enough to buy food. >> this is congresswoman sutton, shed a president obama spend billions of tax dollars on their special...
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Jul 6, 2012
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governor romney talked about, first of all, cutting individual tax cuts and marginal tax rates 20% across the board and broadening the base. and ensure that we maintain revenue neutrality. he's also talked about reducing the corporate tax rate to 25% to get us competitive with oecd countries and talked about ensuring to remove the penalty on the repay tri yags of assets so these are the kinds of changes to make to get the economy going again, creating the jobs that middle class americans need. >> it's john harwood. what do you say aft criticism, the ideas you ticked off are things to help in the long run but wouldn't do much of anything in the short term like some of the things the president has proposed in terms of aid to state and local governments to prevent the layoffs of teachers and other public sector workers? >> john, that critique doesn't hold. if you look at the actions of governor romney, building the pipeline creates jobs right away. not just in terms of folks building the pipeline itself, but the downstream effects of manufacturing a more attractive business here in the unite
governor romney talked about, first of all, cutting individual tax cuts and marginal tax rates 20% across the board and broadening the base. and ensure that we maintain revenue neutrality. he's also talked about reducing the corporate tax rate to 25% to get us competitive with oecd countries and talked about ensuring to remove the penalty on the repay tri yags of assets so these are the kinds of changes to make to get the economy going again, creating the jobs that middle class americans need....
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Jul 9, 2012
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a way to do that is not to raise taxes on people. >> cindy? >> absolutely. once you knew the term fiscal cliff came around, they had to do this. both of them had to start talking about this, right? obama really needed to capitalize on that occupy wall street, that rally against the 1% and finally pulling out some clear campaign issues so i think it's good. >> political turf is staked out, has been for really years now. let's move on to earnings season. kicks off after the bell today. a lot of companies expected to, of course, blame europe for any earnings misses. europe gives lots of people lots of cover so what kind of an excuses are we going to hear from ceos beyond europe, cindy? >> you're going to hear all kinds of things coming out of the woodwork. i think the problem is we are in an adapt or die economy right now. okay? so the excuses go so far and companies setting themselves apart and showing that they can adapt and they can still, you know, keep the revenue consistent or go up. i was talking to a doctor last week who ran a business in the botox and
a way to do that is not to raise taxes on people. >> cindy? >> absolutely. once you knew the term fiscal cliff came around, they had to do this. both of them had to start talking about this, right? obama really needed to capitalize on that occupy wall street, that rally against the 1% and finally pulling out some clear campaign issues so i think it's good. >> political turf is staked out, has been for really years now. let's move on to earnings season. kicks off after the bell...
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Jul 25, 2012
07/12
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the tax increases and the automatic sequestration or spending cuts to go in to place. first of the year. what would you do? your first step to help us come back from the abyss? >> i would get democrats and republicans working together. this is a very serious problem for america. this is self imposed. this is self inflicted. we can get out of this if we work together. so i know that the bowles-simpson was a bipartisan effort. we need to listen to each other and putting theest enters of the nation first. >> senator cardin, one couldn't help but to notice that during the hearings of mr. dimon of jpmorgan there's general relief or applause, if you will, there's clawbacks at jpmorgan and other banks as a result of practices that led to large losses. if we go over the fiscal cliff, if a crisis is precipitated by congressional and administration inaction here, would you favor clawbacks of senatorial and congressmen's salaries? >> let me tell you. i'll make sure we don't confront that issue. this is not about what impact it has on one member of congress but the impact on the e
the tax increases and the automatic sequestration or spending cuts to go in to place. first of the year. what would you do? your first step to help us come back from the abyss? >> i would get democrats and republicans working together. this is a very serious problem for america. this is self imposed. this is self inflicted. we can get out of this if we work together. so i know that the bowles-simpson was a bipartisan effort. we need to listen to each other and putting theest enters of the...
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Oct 26, 2012
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they don't eliminate that tax break. why in your view when the country can't afford what it's doing should there be an entitlement still for those that have mortgages when there isn't an entitlement or tax rebate for renters. why should renters subsidize mortgage holders? >> well, the tax deduction has been there for over 50 years to encourage home ownership. the problem we've got is we've just gone through the worst five years of housing in the history of the united states. if it has to be tinkered with, if we have to change it, we agree we'd go along with that. but we don't think it should be done in the next year or two as we're just now getting our feet on the floor and starting to recover. >> dave, a lot of people think that perhaps one of the reasons that housing hasn't come up in a more substantive way in the debates is because neither candidate really knows how to solve it, that the depth of the housing crisis is still with us, although we are recovering slightly. but neither candidate really has a way forward in
they don't eliminate that tax break. why in your view when the country can't afford what it's doing should there be an entitlement still for those that have mortgages when there isn't an entitlement or tax rebate for renters. why should renters subsidize mortgage holders? >> well, the tax deduction has been there for over 50 years to encourage home ownership. the problem we've got is we've just gone through the worst five years of housing in the history of the united states. if it has to...
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Aug 27, 2012
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the talk about taxes and 1%-ers. pass the hat. raise millions of dollars because you know people are left homeless and struggling. in the wake of this thing, raise some coin. pass it around. do some good. >> be prepared with policy right away. if we do have a disaster there and you're on the speaker's podium, say something about what needs to be done. >> all right. all right. as you know, everything seems to be bigger in texas, especially with football. and especially with it comes to high school and college football. dallas suburb of allen unveiling the new $60 million high school football stadium. it seats 18,000. and it's not even the largest high school arena in the state but it is the largest used exclusively by one team. this is big business. in many parts of the country, certainly. but in texas. what do you think? >> i'm jealous. my high school stadium sat about 100 people including the tell. >> my didn't have one. >> we were terrible. if this is done with private funds, i don't know the breakdown, public/private. if they c
the talk about taxes and 1%-ers. pass the hat. raise millions of dollars because you know people are left homeless and struggling. in the wake of this thing, raise some coin. pass it around. do some good. >> be prepared with policy right away. if we do have a disaster there and you're on the speaker's podium, say something about what needs to be done. >> all right. all right. as you know, everything seems to be bigger in texas, especially with football. and especially with it comes...
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Nov 20, 2012
11/12
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but even if we don't and some deal is struck you t, the combi of eliminating the payroll tax deduction, which seems to be something that the administration supports, that together with some base-broadening, would probably be at least 2% of the gdp. and if there is going to be a deal it would involve spending cuts as well. so even if we avoid going over the cliff, it looks like there would be substantial fiscal contractionary impact next year. so in that environment what can the fed do to try to offset that to make sure that it doesn't take touts edge of or over the edge of a recession? >> so we will see what kind of deal comes out and i think there are a range of possibilities but you are correct, even if the most extreme scenarios are avoided that some plausible scenarios still involve relatively contractionary fiscal policy overall. i made that point in my remarks write said under most plausible scenarios, no matter what happens next year, that the tightening of federal fiscal policy will outweigh the stronger, more expansionary state and local fiscal policy we are getting. so, all o
but even if we don't and some deal is struck you t, the combi of eliminating the payroll tax deduction, which seems to be something that the administration supports, that together with some base-broadening, would probably be at least 2% of the gdp. and if there is going to be a deal it would involve spending cuts as well. so even if we avoid going over the cliff, it looks like there would be substantial fiscal contractionary impact next year. so in that environment what can the fed do to try to...
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Jul 19, 2012
07/12
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there will be pressure on us to deal with the bush tax cuts. i think that's the most important thing to deal with but most every economist across the spectrum said if you cut 100 billion or $200 billion out of the economy over the next couple of years it's disastrous. i personally not concerned coming out of the defense sector or the nondefense sector. i don't want the see our housing industry retarded at all because of these cuts. i don't want to see our research efforts stifled. i don't want to see -- >> is 100 billion -- i don't mean to sound silly here. is 100 billion that much money in a budget that's three plus trillion a year the and an economy that's somewhere approaching 15 trillion a year? are we really talking about that much pain? >> well, again, you know, they say every billion dollars particularly in the infrastructure area is 30,000 jobs so if you're talking about 30,000 times 100, that's a lot of jobs at stake even though it's not an exact formula. but in some of the agencies, for instance, the fbi or the faa where the budgets a
there will be pressure on us to deal with the bush tax cuts. i think that's the most important thing to deal with but most every economist across the spectrum said if you cut 100 billion or $200 billion out of the economy over the next couple of years it's disastrous. i personally not concerned coming out of the defense sector or the nondefense sector. i don't want the see our housing industry retarded at all because of these cuts. i don't want to see our research efforts stifled. i don't want...
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Oct 10, 2012
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the tax breaks are amazing. the question everyone will be asking -- do billionaires pay $90 million for an apartment really need a tax break? a tax break aimed at low income folks? we'll dive into that issue next on "power lunch." [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. w
the tax breaks are amazing. the question everyone will be asking -- do billionaires pay $90 million for an apartment really need a tax break? a tax break aimed at low income folks? we'll dive into that issue next on "power lunch." [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade....
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Jul 17, 2012
07/12
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the conundrum we've got, things like the so-called sequester or end of the bush tax cuts are the forcing mechanisms. if you get rid of the pressure of those forcing mechanisms, you may not have this grand bargain. at the end of the day, the grand bargain will do more to jump-start our economy more than either presidential candidate are laying out. we ought to get about doing it. i honestly would like to see it done before the presidential election, but we have to get about it the day after. we have to have a plan at least as a bipartisan starting point. that's what we're working on. >> let me turn you to the discussion. a lot of the questioning was about the libor scandal unfolding in a much bigger way. i believe you were able to hear the quotes earlier from a fed official and barclays employee. it seems to indicate that the u.s. fed official understood barclays was posting a lower than aappreciappropriate libor . what should happen next? should there be a criminal investigation as going on in the uk? >> we have to get to the bottom of this. not only does this have a direct effect upon p
the conundrum we've got, things like the so-called sequester or end of the bush tax cuts are the forcing mechanisms. if you get rid of the pressure of those forcing mechanisms, you may not have this grand bargain. at the end of the day, the grand bargain will do more to jump-start our economy more than either presidential candidate are laying out. we ought to get about doing it. i honestly would like to see it done before the presidential election, but we have to get about it the day after. we...
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May 9, 2012
05/12
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the tax code is too complicated. we talk about a flat tax, i'm not sure that's the right way to go, but those sort of things to simplify it makes it easier to monitor. >> i get angry when i hear things like this, when i hear things like medicare fraud costing half a trillion dollars. people ripping off the system. >> all we hear from the president is raise taxes on the 1%. >> if we could get those moneys taken care of, we wouldn't have to raise -- >> stop making mistakes. >> next, priceline reporting after the bell. shares hovering near a 52-week high. jpmorgan raising target to $810 on priceline. "street signs" has a key analyst on the stock in the next hour, but it's a topic number two for us right now. priceline just keeps on clicking. is it as good a company as apple? does it deserve those kinds of price sns. >> mandy and i are going to ask the analyst. i dug into the numbers, i think priceline seems small here. i think of them as the name your own guys. they're huge in europe. by far biggest internationally. the
the tax code is too complicated. we talk about a flat tax, i'm not sure that's the right way to go, but those sort of things to simplify it makes it easier to monitor. >> i get angry when i hear things like this, when i hear things like medicare fraud costing half a trillion dollars. people ripping off the system. >> all we hear from the president is raise taxes on the 1%. >> if we could get those moneys taken care of, we wouldn't have to raise -- >> stop making...
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Jul 20, 2012
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> gold prices closing right now. sharon epperson tracking all the action at the nymex. sharon? >> it looks like gold prices are going to finish flat on this session. around 1,580 an ounce. we've seen gold erase its losses as the spain crisis has worsened and perhaps we're seeing some safe haven buying here in the latter part of this floor trading session. we're also looking at silver prices that have given up some of the losses we've seen and recovered a bit. silver edging away from the cliff. that's the way barclays puts it. they are looking at that $26 level and say they're looking at potential upside for silver prices. meanwhile, copper prices that hit a two-week high in the previous session are now down on the session. copper has retreated on reports that china is tightening its housing policy. that has led to lower copper prices in the session. back to you. >> thank you very muc
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> gold prices closing right now. sharon epperson tracking all the action at the nymex. sharon? >> it looks like gold prices are going to finish flat on this session. around 1,580 an ounce. we've seen gold erase its losses as the spain crisis has worsened and perhaps we're...
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Sep 5, 2012
09/12
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taxes were higher than they are today when we founded carmax. taxes were higher under george w. bush. they were higher under ronald reagan. the answer is that's marginal. secondly, the vast majority of small business wouldn't be affected by it. >> it wouldn't affect your intention or ability -- >> absolutely not. >> to hire ten for people. >> i'm an angel investor now. i work with start-up companies. i'm on the board of six or seven. i'm the chairman of gazelle.com. we never have these discussions. this doesn't affect our planning. what we're interested in is does our business model make sense? how's the consumer doing? the focus needs to be on consumers and not millionaires. they don't spend the money you give them. it's consumers in the pyramid spend every dollar you give them and that's where we need to focus. >> what about the deficit issues of the country? and do you think that the president has put in place policies that adequately address the deficit issue and now facing the fiscal cliff coming up, as well? >> look. the fiscal cliff is something, it's a politically create
taxes were higher than they are today when we founded carmax. taxes were higher under george w. bush. they were higher under ronald reagan. the answer is that's marginal. secondly, the vast majority of small business wouldn't be affected by it. >> it wouldn't affect your intention or ability -- >> absolutely not. >> to hire ten for people. >> i'm an angel investor now. i work with start-up companies. i'm on the board of six or seven. i'm the chairman of gazelle.com. we...
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Aug 14, 2012
08/12
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> as we're coming up at 2:00 in the east. look where the markets stand. the s&p 500 close to an intraday hi high. nasdaq is higher by about two. though it may not feel like a big rally, we're in a pretty good place, sue. >> that's a perfect segue. jeff is looking at the vicks and we're up 9%. >> i help prepare for hedging, but up 8%. we had four weekly closes
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> as we're coming up at 2:00 in the east. look where the markets stand. the s&p 500 close to an intraday hi high. nasdaq is higher by about two. though it may not feel like a big rally, we're in a pretty good place, sue. >> that's a perfect segue. jeff is looking at the...
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Jun 18, 2012
06/12
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reform our tax system. the civil service. we have made major reforms already but we need to take it forward. it takes time, understanding. >> reporter: so, a lot of the things done here in greece is raised taxes and cut spending but a lot of really deep changes need to be done. they need to make the size of government smaller, they need to reduce bureaucracy, liberalize the labor markets. that's an economist way to say that they have to give more control back to the employers so that they can hire and fire more easily because if you know you can fire you're more likely to hire. that's something that doesn't often happen here in greece. because the labor markets are so stiff. those are going to be very tough things to get done. and it's a question of whether or not greece can achieve that. back to you guys. >> michelle, thank you very much. >>> now to brian shactman. >> thank you very much. idcc. wireless communications. a lot going on with the stock. resumes trading up 27.25%. they also doubled their stock repurchase and rais
reform our tax system. the civil service. we have made major reforms already but we need to take it forward. it takes time, understanding. >> reporter: so, a lot of the things done here in greece is raised taxes and cut spending but a lot of really deep changes need to be done. they need to make the size of government smaller, they need to reduce bureaucracy, liberalize the labor markets. that's an economist way to say that they have to give more control back to the employers so that they...
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Dec 27, 2012
12/12
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income taxes are not the only major issues here. we go over the cliff, the tax rate on most capital gains would go from 15 to 20%. dividends would now be taxed like regular income instead of capital ganls. the inheritance tax, that would go from 35% on estates over $5 million to 55% on estates over a million bucks. so a lot of implications here not just on regular income taxes. michelle. >> got it, jackie. good way to lay out the situation. investors acting on their fiscal cliff nerves. this is the first time since the dow has dipped. a deal has been priced in. a lot of people thought something was going to happen. harry reid said we're probably going over the cliff. check out the wall street fear index. they have spiked above 20 for the first time since july. if this is what we're facing, how much worse can the fall get? jackie laid it all out, right? the average individual will have a lot less money to spend and we are a consumer-driven economy. a lot of action down there on the floor. >> people excited. >> is the market acting in
income taxes are not the only major issues here. we go over the cliff, the tax rate on most capital gains would go from 15 to 20%. dividends would now be taxed like regular income instead of capital ganls. the inheritance tax, that would go from 35% on estates over $5 million to 55% on estates over a million bucks. so a lot of implications here not just on regular income taxes. michelle. >> got it, jackie. good way to lay out the situation. investors acting on their fiscal cliff nerves....
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Nov 29, 2012
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tax reform which we definitely need. there's no two ways about it. >> congressman pascrell, thank you again. >>> breaking news from the bond market. you saw the headlines cross moments ago. $30 billion in 7-year notes up for auction. rick santelli, we have a bid to cover ratio of 2.81%. >> that 2.81% is above the 10-auction average. this is around 2.74%. actually, close to the 40% 106-auction average. directs -- 19.7% that is a record high since they brought the 7-year back in february of '09. i can't find a higher direct bid. the yield -- 1.045%, right in the middle of the bid offer we give this auction a b-plus, solid auction. 99 billion is now behind us and considering the issues of fiscal cliff we're going to be looking to handicap a whole lot more auctions over the next several years. back to you. >> absolutely. >>> breaking news now. it concerns microsoft. let's go out to jon fortt. jon? >> hey, sue. microsoft has officially announced the pricing for surface pro. that's the version of microsoft's tablet that runs a
tax reform which we definitely need. there's no two ways about it. >> congressman pascrell, thank you again. >>> breaking news from the bond market. you saw the headlines cross moments ago. $30 billion in 7-year notes up for auction. rick santelli, we have a bid to cover ratio of 2.81%. >> that 2.81% is above the 10-auction average. this is around 2.74%. actually, close to the 40% 106-auction average. directs -- 19.7% that is a record high since they brought the 7-year back...
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Apr 4, 2012
04/12
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people who owe taxes tend to be heavy investors. so if you owe taxes, not that you're getting a refund, but you have to write a check and a quarter ly estimate, that's all that's happening. this economy is getting better. to answer your question, we think investors should focus on fast growing companies that trade at fair values. and that's what we do simply in our fund. and we've done for 25 years. >> bob makes an interesting point. let me try this one out on you though, the economy on the one hand some people say it's getting better. that's what bob says. but could the market be saying here today and to the extent that things have been selling off a little bit in recent days that the economy may not be strong enough absent the fed's presence in the marketplace to continue the kind of growth we've seen? in other words you take the training wheels away, can the bicyclist stay on the bicycle? >> yeah. i think clearly there's a certain amount of people out there that thought the fed was going to do qe-3 and then factored that in. when
people who owe taxes tend to be heavy investors. so if you owe taxes, not that you're getting a refund, but you have to write a check and a quarter ly estimate, that's all that's happening. this economy is getting better. to answer your question, we think investors should focus on fast growing companies that trade at fair values. and that's what we do simply in our fund. and we've done for 25 years. >> bob makes an interesting point. let me try this one out on you though, the economy on...
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Dec 13, 2012
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we were befth is a vote to lower taxes. maybe that's where we're headed. still different scenarios. >> thanks for staying after it. how will washington break the fiscal cliff stalemate? if they do, joining us from capitol hill, maxine waters, democrat from california. soon to be the ranking member of the house committee on fanl services. she will be succeeding representative barney frank as ranking member there as he retires. ms. waters, good to have you with us. >> thank you. delighted. >> i with a just asking aemon if he thought that tenor of the negotiations darkened over the last 48 hours with regard to the fiscal cliff. do you agree with that? >> i don't know. but i do know we haven't made any progress. from time to time, we've heard encouraging words but then the next day when it is time to report out what happened, nothing has happened. it does not appear that there have been any changeets, any progress has been made. so, as is being said, a moment ago. members of congress are prepared to be here during christmas hol
we were befth is a vote to lower taxes. maybe that's where we're headed. still different scenarios. >> thanks for staying after it. how will washington break the fiscal cliff stalemate? if they do, joining us from capitol hill, maxine waters, democrat from california. soon to be the ranking member of the house committee on fanl services. she will be succeeding representative barney frank as ranking member there as he retires. ms. waters, good to have you with us. >> thank you....
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Dec 14, 2012
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tax rates, republicans have not conceded tax rates have to go up. they have conceded that tax revenues should rise. entitlement spending, neither party wants to detail particular spending cuts in social security and medicare because the so unpopular. the debt limit would cause a crisis. in 2011 the two parties were hung up over that. president obama says he's not going to negotiate with republicans. they see that as their strongest hold card in this fight, especially if they give ground on the top end tax rates at the end of the year when if we go over the fiscal cliff everybody's taxes go up, tyler. >> john harwood, thank you very much. doesn't look like much is going to happen this weekend, but what are the chances that a deal does get done by the end of the year? to tell us and handicap us -- handicap it is andy friedman, principal with the washington update and one of america's top business lawyers. andy, welcome back. good to have you with us. >> thank you. >> in my reading this morning, there were some indications that what may happen is that
tax rates, republicans have not conceded tax rates have to go up. they have conceded that tax revenues should rise. entitlement spending, neither party wants to detail particular spending cuts in social security and medicare because the so unpopular. the debt limit would cause a crisis. in 2011 the two parties were hung up over that. president obama says he's not going to negotiate with republicans. they see that as their strongest hold card in this fight, especially if they give ground on the...
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Oct 12, 2012
10/12
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it is the developer who got the tax breaks. right? >> the developer got them but the savings are passed on so in these at least two apartments we looked at they were saving at least $200,000 a year in tax breaks. pretty good chunk of change. >> thank you. >>> if stocks and bonds are not your thing, there is an alternative investment option and it comes in a bottle. i saddled up to the bar with the founder of a new whiskey club in new york city where members share an appreciation for drink and investors put their money where their mouth is. >> $8,000 for this bottle. >> $8,500. the chap who actual ly that had bought it in 1995 for $250. if you're hanging on to a bottle that other people are drinking, then the price will go up. we've seen some whiskeys gain 400% in value over a period of maybe eight to ten years. >> this would cost how much if i were to buy it at retail? >> this is retailing at $20,000. >> can you lose money investing in whiskey? >> there are whiskeys that have dropped in price. >> why would that be? >> just because of
it is the developer who got the tax breaks. right? >> the developer got them but the savings are passed on so in these at least two apartments we looked at they were saving at least $200,000 a year in tax breaks. pretty good chunk of change. >> thank you. >>> if stocks and bonds are not your thing, there is an alternative investment option and it comes in a bottle. i saddled up to the bar with the founder of a new whiskey club in new york city where members share an...
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Jul 30, 2012
07/12
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he's only released one year, 2010 paying ining 13.9% tax rat. david muir of abc asked him if he ever paid a lower rate than 13.9. here's what mitt romney had to say. >> i haven't calculated that. i'm happy to go back and look but i my view is i have paid all the taxes required by law. i don't pay more than are legally due. frankly, if i had paid more than are legally due, i don't think i would be qualified to become president. >> now, both halves of that formulation i think are going to extend the questions about taxes, both the fact that he said he couldn't remember whether or not he had paid a lower rate than 13.9% and also just disclosing the fact he was audited and his aide told me this afternoon he paid no fine or penalty from that audit but that's going to fuel the obama campaign's effort to raise questions about that among voters, sue u . >> indeed it will. >>> it's being billed as the trial of the century. apple versus samsung. did samsung rip off the iphone and the ipad? before the break, five big monday movers, all to the upside. the s
he's only released one year, 2010 paying ining 13.9% tax rat. david muir of abc asked him if he ever paid a lower rate than 13.9. here's what mitt romney had to say. >> i haven't calculated that. i'm happy to go back and look but i my view is i have paid all the taxes required by law. i don't pay more than are legally due. frankly, if i had paid more than are legally due, i don't think i would be qualified to become president. >> now, both halves of that formulation i think are...
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Apr 30, 2012
04/12
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but guess what, it pays less than 10% in taxes. see how they do it coming up next. people with a machine. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. tdd# 1-800-345-2550 checking the charts. tdd# 1-800-345-2550 looking for support, tdd# 1-800-345-2550 resistance, breakouts, tdd# 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-800-345-2550 and the momentum tool, tdd# 1-800-345-2550 it lets me do it at a glance, tdd# 1-800-345-2550 so when things shift, i'm ready. tdd# 1-800-345-2550 then to track the stocks i have my eye on, tdd# 1-800-345-2550 i turn to schwab's high/low ticker. tdd# 1-800-345-
but guess what, it pays less than 10% in taxes. see how they do it coming up next. people with a machine. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. tdd# 1-800-345-2550 checking the charts. tdd# 1-800-345-2550 looking for support, tdd# 1-800-345-2550 resistance, breakouts, tdd# 1-800-345-2550 a few other tricks that i'll keep to myself....
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Aug 23, 2012
08/12
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lower tax rates. >> you can watch the full interview tonight at 7:00 p.m. eastern time on "the kudlow report." >>> as you probably know it's a destructive wild fire season and a lot of big money is poured in to fight it from states that can't really afford it like california. cnbc's jane wells is in california with the financial fallout. jane? >> reporter: hi, sue, yeah, we have fire damage here. mopping up a 12,000-acre fire over the hills here. over the nation, over 43,000 wild fires so far this season. mostly in colorado, now california where we have ten fires burning, most serious one in northern california where nbc has an update. >> good afternoon. the ponderosa fire here in northern california charred some 28,000 acres. this blaze, though, roughly 57% contained. and while crews are certainly making progress on the front lines several homes are still threatened. 900 properties are still in danger. as nearly 70 have been destroyed. the big concern today is going to be those winds. firefighters are hoping to make a stand near the town of mineral where t
lower tax rates. >> you can watch the full interview tonight at 7:00 p.m. eastern time on "the kudlow report." >>> as you probably know it's a destructive wild fire season and a lot of big money is poured in to fight it from states that can't really afford it like california. cnbc's jane wells is in california with the financial fallout. jane? >> reporter: hi, sue, yeah, we have fire damage here. mopping up a 12,000-acre fire over the hills here. over the nation,...
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May 29, 2012
05/12
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and tax reforms. maybe a flat tax. the final point would be they need a constitution. in the u.s. we started out with the articles of the confederation. it led to a constitution because states had too much power. no federal overlay. put a six-month constitutional convention in europe. don't take any extensions. of course, the final product, an all european referendum. tyler, back to you. >> thank you very much. the santelli solutions. >>> there are reports floating around today that fox con, one of apple's big chinese suppliers, has received an order for a trial production of what could become apple tv. right now we have no other details. but we're trying to nail them down. shares of apple moving higher as we mentioned a moment ago. up $5.85. more than 1% at 5.6815. year to date up 40%. that's a good year in 4 1/2 months. >>> facebook time. if the stock wasn't volatile enough since the ipo investors can now trade options on facebook. shares dropping below the $30 mark and right now they are at $29.43, down more than $2.40. $2.48 to be exact. kayla tausche on the facebook options.
and tax reforms. maybe a flat tax. the final point would be they need a constitution. in the u.s. we started out with the articles of the confederation. it led to a constitution because states had too much power. no federal overlay. put a six-month constitutional convention in europe. don't take any extensions. of course, the final product, an all european referendum. tyler, back to you. >> thank you very much. the santelli solutions. >>> there are reports floating around today...